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Feb 2021

How does ONGC's break-even price for future project compare with the rest of the oil companies?
8Here is an interesting comparison
8And what is the way forward for ONGC in a scenario under which oil & gas companies are in rapid energy transition mode?
Click on Reports for more. Details
A landmark of sorts was achieved when the world's biggest shipping company announced that by 2023 it will have a dual-fuelled ship running on either e-methanol or sustainable bio-methanol and that its new buildings from then on will also run on carbon-neutral fuel sources.
8Will the rest of the shipping industry be able to follow suit?
8Also know more on why shipping stocks are suddenly revving up
Click on Reports for more. Details
8As LNG prices went sky high, January LNG imports saw a significant dip.
Find out how much. Details
ONGC has a few perennial problem areas when it comes to raising oil & gas output or reaching target production.
8They have been there for some time now, but the management will have to deal with them sooner than later.
Click on Details for more. Details
There is a massive gap between LOI quantity, contracted quantity and actual quantity procured in 2020-21.
8Cleary, the program has not taken off in the manner envisaged
Click on Reports for more. Details
Fertilizers are big when it comes to imports.
8India is totally dependent when it comes to imports of potash and heavily dependent on rock phosphate and phosphatic fertilizers.
8Currently no urea imports are taking place
Meanwhile, fertilizer freight rates have scaled new highs.
See the import matrix here, click on Reports. Details
For reference purposes the website carries here the following tenders:
8Supply Requirement of Incoloy Pipe Flanges Details
8Supply of FRP Poles 4mtr, 6mtr and 8mtr to various HPCL locations Details
8Program Management Service Provider that will provide end to end project management assistance Details
8Construction of NRO Takali BK Details
8Laying, installation & Commissioning of underground pipeline for Ahmedabad Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Oil India Ltd cannot disown responsibility on fire incident in Assam's Baghjan oil well: NGT Details
8K Sailendra takes over as ED (regional services), IndianOil Southern region Details
8We see hydrogen as 'future energy', says Dharmendra Pradhan Details
8Pawan Hans privatisation receives multiple bids Details
8India in no mood to concede defeat in Cairn Energy tax case, to appeal against arbitration award Details
8Congress organises protests in MP, Rajasthan, Delhi against fuel price hike Details
8Steepest hike in fuel price in several months; Petrol, diesel prices shoot up to 40 paise Details
8Oil spill stains Israeli shoreline; investigations underway to determine cause Details
8Indian govt to promote use of ethanol as an alternative fuel: Minister Details
8FM Sitharaman says Centre, States need to work together to lower fuel prices Details
8Petrol price hike: SAD asks Centre, state governments to reduce fuel prices Details
8Petrol prices unchanged after rising over Rs 3 per litre in 12 days Details
8In a first, Lakshadweep to have own fuel delivery stations soon Details
8Petrol price hike: Centre in bind but 4 states offer relief as fuel’s on fire Details
8Oil minister gives 'two main reasons' behind rising fuel prices Details
8Kerala will not reduce tax on fuel, says state's finance minister Details
8Oil gains as U.S. production slowly returns after freeze Details
8Israel shuts Mediterranean shore after oil devastates coast Details
8CPSE strategic sale: Govt makes security clearance mandatory for all bidders Details
You can also click on Newsclips for more   Details
We occasionally get alerts from clients who are seeking to sell assorted chemicals and petrochemicals from abroad
Here is one company which is keen to sell
8Bitumen
8Gasoline
8Gas Oil
8LAB
8LABSA
8HAB
8NP
8Urea
So get in touch with them, as they are willing to abide by all protocols. Details
Reliance and Arcelor Mittal-Nippon Steel are large importers of LNG
8One is bringing in a cargo from Qalhat and another all the way from Sabine Pass
8They are back to business again, via their favorite terminal for now
8But both RIL and Arcelor Mittal have bought large volumes of domestic gas, and to that extent, their need for LNG will be lower.
Click on Reports for more. Details
The Hazira port has got ships coming in over the next few days with the following shiploads:
8Methanl
8Causic soda lye
8EDC/VAM
8Acetic acid/butyl acrylate/IPA
8C10 N Paraffin
8Heavy white oil
8Solvent naphtha
8Acrulonitrile
And other assorted chemicals. In all it has 46 ships lining up. It is a busy port indeed
Click on Reports. Details
CPCL Chennai had three crude cargoes linked up.
And they are coming in from:
8Ras Tanura
8Saldhana Bay
8Basrah
Click on Reports for more. Details
8A buyer is looking for gas
8Find out more
Click on Reports. Details
The Prime Minister has promised that GST will be promulgated on gas soon.
8Where is the immediate pressure to do so coming from?
8Also where is the opposition coming from? Details
8Megha Engineering & Infrastructures Ltd (MEIL) is now becoming a dogged competitor in the downstream segment.
Find out why it may end up winning contracts. Details
8Here is a sample study of the CGD industry
8And every player seems to be bullish
Click on Reports for more.
Details
8PLL's Sri Lanka terminal may be under a bit of cloud.
Click on Details for more.
Details
Private equity firm Brookfield has been in the limelight in the oil & gas industry because of its acquisition of the East-West Pipeline
8It held on to the pipeline for quite a while after spending a lot of money before it began ferrying gas from RIL's KG Basin discovery this year. This is the kind of staying power few would have.
8Clearly this is a different class of investor and our hunch is that it is only beginning to get interested in the midstream segment of the industry.
8Watch out for more action from this PE going ahead
Click on Reports for more. Details
SSP/NPK Greenfield Project     
8Cost - Rs 70 crore
8Project Event: Project activities affected due to COVID-19, Still, feasibility studies are ongoing, The company is planning to submit the proposal for the environmental clearance in March 2021 due to delay in the studies, RFQ for the a contractor is likely to be released in May 2021. Details
DAP Greenfield Project  
8Cost - Rs 200 crore
8Project Event: The proposal for the term of references has been accepted and studies are still ongoing, proposal for the environmental clearance is likely to be submitted in March 2021. The company has applied for a loan, RFQ for the EPC contractor is likely to be released at the end of April 2021. Details
The staffing industry in India has grown to an extraordinary level, especially in the area of a third-party payroll service provider. Over the past five years, the industry has grown at a rate of 20-25% per year, and it is not showing any signs of slowing down as yet.
8Find out what one of the pioneers in this industry has been doing
Click on Reports for more. Details
8Project Name: Bhubaneswar- Khordha District City Gas Distribution
8Project Cost: Rs 300 crore
8Project Description: GAIL India Limited has been granted permission on April 3, 2018, to set up a CGD network in Khorada district of Odhisa. The entity won the project under the 9th CGD bidding round. The CGD network will have a coverage area of 2813 sq. km. For an overall timeframe of 5 years, Gail India Limited is expected install 12 CNG stations, provide 26900 piped natural gas connections and lay 1513 inch-km of steel pipe. Currently, the project is in its first stage and MECON Limited is the EPMC for the said project. A tender has been floated for procurement for 125, 90, 63, 32 and 20 mm MDPE pipes with last date on February 15, 2020. Gas will be drawn from GAIL's Jagdishpur- Haldia and Bokaro-Dhamra Natural Gas Pipeline through a Bhubaneshwar spurline. The operator is not waiting for the pipeline to reach the district and has set up a satellite liquefied natural gas (LNG) station in Bhubaneshwar for supply of CNG. RFQ for laying of underground steel pipeline including associated jobs was floated by MECON limited on January 11 2021. The project will require line pipes; carbon steel pipes; polyethylene pipes; galvanized iron pipes; copper tubes; piping system components such as pipeline valves, stud bolts, and nuts; pressure relief valves, slam-shut valves, steel gate, globe, and check valves; metal ball valves; steel pipeline flanges; steel line blanks; gaskets; copper fittings; pressure safety equipments such as regulators, slam shut valves and creep relief valves; filters; metering equipments such as pressure gauges, gas meters, orifice meters; odorizing units; compressors; pumps; etc.
8Project Event: RFQs for valves, gaskets, dispensers, compressors, meters and odorizing units are expected in March, 2021 PNGRB has given an extension period of 144 days to Gail India Limited for achieving their MWP targets due to the COVID 19 pandemic.
8RFQ Date: Q1/2021
8Release Date: Q2/2021
8Start Date: Q4/2018
8Completion Date: Q4/2025
Click here for more details. Details
Sustainable fertilizers is now the new buzz word
8And dozens of new technologies are being tried out globally.
8This industry too is likely to make a climate transition, though the timeline is still open-ended
Click on Reports for more. Details
This deepwater drillship was meant to be decommissioned from India
8Instead, it won a two-year extension. Details
The chemical import database is tracked for the following ports:
8Mundra, Kandla, Sikka, Pipavav, Dahej, Magdalla, Hazira, Mumbai, Digi, Karwar, New Mangalore, Cochin, Tuticorin, Chennai, Ennore.Kakinada, Vizag, Paradip, Haldia
Click on Reports for more. Details
IOC has two LNG cargoes lined up in the next few days
8One at Dahej
8The other at Ennore
Click on Reports for more. Details
For reference purposes the website carries here the following tenders:
8Carrying out Hot Repair of LPG Cylinders Details
8Procurement of STP of different sizes Details
8Raw Water Treatment Plant, DM Water Plant, Condensate Polishing Unit, Effluent Treatment Plant with ZLD & Sewage Treatment Plant at Talcher Odisha for Talcher Fertilizers Limited Details
8AMC Pest Control through Gem Portal only Details
8Procurement of Multipurpose Fire Tenders Details
8Procurement of CPVC Pipes and Piping Materials Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Energy major GAIL India's share buyback offer to open on February 25 Details
8Oil prices extend gains as Texas cold snap cuts U.S. output Details
8Delhi: Petrol reaches Rs 89.88 per litre, diesel Rs 80.27 per litre Details
8After Rajasthan, petrol crosses Rs 100-mark in Madhya Pradesh Details
8Why GST inclusion of natural gas is a crucial factor for gas producers and distributors Details
8Oil India, EIL consortium to bid for BPCL's stake in Numaligarh refinery Details
8Rates of petrol, diesel cheaper in Chhattisgarh than in other states Details
8Oil drops as investors gauge big chill impact on U.S. refineries Details
8Oil trader GP Global APAC seeks debt moratorium in Singapore Details
8Petrol price: Freighters seek rate hike, consumer companies fear impact on margin Details
You can also click on Newsclips for more   Details
Urea (Granular) and Captive Power Unit Expansion Project   
8Cost - Rs 700 crore
On hold for now, but will be active soon.
Details
Sulphate of Potash-Bromine and Captive Power Unit Expansion Project  
8Cost - Rs 500 crore
8Project Event: All the project activities are still on hold due to COVID-19, the project team has been made. RFQ for the LSTK contractor is likely to be released in May 2021.
Details
What the latest on the Pipeline Replacement Project-7?
8A tender was meant to come out but there is a new twist to this.
Click on Details for more. Details
The US had shipped 91 LNG cargoes from the US to Indian in the February-December, 2020 period
8Get details of all these cargoes
Click on Reports for more Details
Should a domestic gas seller use the Platts West India Market (WIM) or the JKM as a yardstick?
8Different sellers have tried different yardsticks
8Faith in the JKM was shaken when it touched $30/MMBtu in mid-January
Click on Reports for more. Details
The industrial gas segment can gain a whole lot from Industry 4.0 tools, it seems
8The sector stands to increase EBIT margins by two to five percentage points
8This is a significant competitive advantage in an industry in which historical EBIT margins are a healthy 20 to 25 percent for major players.
Click on Reports for more. Details
The JKM had gone up over $30/MMBtu in mid-January
8The combination of very cold weather increasing demand, supply issues at a number of export plants, contracts running at maximum take, and the need to divert large volumes of cargoes from the Atlantic to the Pacific basins – principally US and Qatar cargoes – leading to constraints on shipping, all combined and resulted in a sharp increase in prices in a very illiquid market.
8However that is not the entire story.
8This is something that would not have happened in the US and European market
8So what really is intrinsically wrong with the JKM?
Click on Reports to know more. Details
8Get a full overview of the LNG market here.
8What really happened, and what is up ahead. Details
AG&P has proposed a Rs 2700 crore budget in Tamil Nadu
8Learn more
Click on Reports.
Details
The bottom has fallen out of the VLGC market.
8Earnings are below breakeven
8How did that happen? Details
The PESB has been headless for five months
8And all kinds of speculations are floating around
8Eventually though a decision may come about sooner than later, it seems. Details
For reference purposes the website carries here the following tenders:
8Carrying out Hot Repair of LPG Cylinders Details
8Supply of Raw Water Treatment, Potable and Water Demineralised Water for 2G Ethanol Details
8ARC for Pest Control Services Details
8Hiring of Commercial Vehicle for transportation of CNG for CGD Project Details
8Remodelling of DESU Terminal Details
8Retrofitting of Actuator on existing Sectionlizing Valves for Conversion of Valves Details
You can also click on Tenders for more

For reference purposes the website carries here the following Newsclips:
8Madhya Pradesh: Inflation & fuel price rise hit Bhopalis hard Details
8Record high pump prices hit India's gasoline, gasoil sales in Feb Details
8Petrol, diesel prices rise close to Rs 3 a litre in 9 days Details
8Arup Sinha takes over as Executive Director - Regional Services, Northern Region, IOC Details
8Oil extends rally on Texas supply disruptions Details
8Upstream Ahead Summit charts out oil, gas industry vision 2050 Details
8Petrol at Rs 100: PM Modi blames previous govts for not cutting import dependence Details
8Kuwait plans to shorten oil supply deals for some Asian buyers -sources Details
8India to be among fastest-growing emerging markets in FY22: S&P Details
8Centre committed to bringing natural gas under GST regime; plans to spend Rs 7.5 lakh crore on infrastructure: PM Modi Details
8Dana Gas seeks around $500 million to fund output expansion - CEO Details
8Chandigarh: Panipat refinery fined for pollution Details
8India urges OPEC+ to ease production cuts Details
8Essar signs MoU with IIT Dhanbad (ISM) for R&D in CBM gas exploration Details
You can also click on Newsclips for more   Details
8Project Name: Patna District City Gas Distribution
8Project Cost: Rs 200 crore
Click here for more details.
Details
8Shell's Hazira terminal saw the offloading of a RIL LNG cargo from Qualhat sold by Oman LNG on February 15. The next cargoes are now slated to come in on February 21 and 23, from Sabine Pass and Qualhat.
8Usually, scheduled cargoes are never canceled, so eyebrows went up when one of GAIL's Lake Charles LNG cargo to Dabhol was canceled. Looks like it got diverted somewhere else in mid-sea.
Click on Reports for more. Details
RIL's 40000 tonne ethane cargo is coming in on February 26
8At Dahej, from Houston
8This and other chemical shipments, click on Reports for more. Details
Paradip is currently the busiest port for fertilizer import.
8Rock phosphate and sulphur imports are coming in for DAP plants run by IFFCO and Paradip Phosphate
8The shipments are coming in from Aqaba, Ras Laffan, Casablanca
Click on Reports for more. Details
What kind of shippers are involved with RIL's current crude imports.
The names we could gather for the shipments in the days ahead are:
8Glencore
8Litasco SA
8Somo
8EGPC
8Tengizchevroil LLP
8NNPC
Click on Reports for more. Details
Ammonia/Nitric Acid/SOP Greenfield Project   
8Cost - Rs 200 crore
8Project Event: The proposal for the term of reference has been granted, and the final EIA report preparation is still ongoing, a proposal for environmental clearance is likely to be submitted in March 2021. RFQ for the local contractor is likely to be released in April 2021. Details
Ammonia Storage Tank Greenfield Project   
8Cost - Rs 200 crore
8Someone won the race for it
Find out more.
Details
8There is a clarification that has come in on our earlier story, "Matix ammonia-urea plant: GAIL will not supply the full volume of gas".
8And it is an interesting insight.
Click on Details for more.
Details
8Why did foreign vessel owners put in their bids against a big ONGC tender when under Atmanirbhar conditions, it is near-impossible for them to win these contracts
8A foreign vessel owner will have to quote a price 20% lower than the lowest quote from a domestic flag owner, and in today's conditions that is not really possible
 Here is a take on why they quote.
Details
8ONGC is keen to push ahead quickly with its 5-rig tender for offshore rigs
 Find out why. Details
8An air charter hire requirement has come up in the E&P sector
Click on Reports for more Details
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